Axxcess Wealth Management LLC Buys Shares of 14,123 Western Digital Corporation $WDC

Axxcess Wealth Management LLC acquired a new stake in Western Digital Corporation (NASDAQ:WDC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,123 shares of the data storage provider’s stock, valued at approximately $1,696,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDC. Vanguard Group Inc. lifted its stake in shares of Western Digital by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after buying an additional 243,177 shares in the last quarter. Geode Capital Management LLC lifted its stake in Western Digital by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider’s stock worth $593,045,000 after purchasing an additional 186,030 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of Western Digital during the 3rd quarter worth approximately $791,317,000. Holocene Advisors LP grew its position in shares of Western Digital by 8.5% in the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock valued at $354,247,000 after purchasing an additional 431,419 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in shares of Western Digital by 17.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 3,735,296 shares of the data storage provider’s stock valued at $239,022,000 after purchasing an additional 545,500 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 6,780 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the completion of the transaction, the insider owned 136,538 shares of the company’s stock, valued at $36,932,163.62. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Roxanne Oulman sold 1,800 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the completion of the sale, the director owned 3,863 shares in the company, valued at approximately $596,524.46. The trade was a 31.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,522 shares of company stock worth $17,661,708 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WDC. Bank of America upped their target price on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Mizuho upped their price objective on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Wells Fargo & Company raised their price objective on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Cantor Fitzgerald boosted their target price on shares of Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $265.58.

Western Digital Stock Down 4.0%

Western Digital stock opened at $284.67 on Friday. The company has a market capitalization of $96.51 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $309.90. The firm has a 50 day moving average price of $225.70 and a 200 day moving average price of $156.96.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The company’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 earnings per share. Research analysts expect that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a $0.125 dividend. The ex-dividend date is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s payout ratio is 5.02%.

Western Digital News Roundup

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Monetizing SanDisk stake and swapping shares for debt should accelerate deleveraging and improve financial flexibility — a clear balance-sheet positive that investors have cheered. Western Digital to sell $3.17 billion stake in Sandisk
• Positive Sentiment: Management says 2026 hard-drive production is sold out amid surging demand from AI data centers — supports revenue visibility and pricing power for enterprise / hyperscale HDDs. Western Digital Sold Out All 2026 Hard Drive Production as AI Centers Scramble
• Positive Sentiment: Zacks added WDC to its Rank #1 (Strong Buy) growth list, a signal that some quant/retail models see further upside. Best Growth Stocks to Buy for February 19th
• Positive Sentiment: Conversion of Series A preferred shares simplifies capital structure (reduces complexity for investors and may lower future financing friction). Western Digital Converts Preferred Shares, Simplifying Capital Structure
• Neutral Sentiment: Retail product promotions (e.g., deeply discounted 16TB Elements external drive) boost consumer-channel sales but are unlikely to move the stock materially relative to enterprise AI demand. WD’s 16TB Elements External Hard Drive Delivers Maximum Storage at Minimum Cost
• Neutral Sentiment: Coverage pieces and valuation checks highlight the recent multi-period rally; useful context but not a direct catalyst. Western Digital (WDC) Valuation Check
• Neutral Sentiment: Reports indicate the Sandisk stake sale is being executed via a secondary offering and some shares will be exchanged for debt — preserves Sandisk operations (SanDisk not raising proceeds) while giving WDC liquidity. Discount and structure details may matter to timing. Sandisk (SNDK) Stock: Western Digital Dumps $3.17 Billion Position at a Discount
• Negative Sentiment: Significant insider selling (many executives have sold shares recently) and some large institutional position reductions create potential perception risk and could weigh on sentiment. Western Digital climbs as Sandisk stake sale boosts debt-reduction outlook
• Negative Sentiment: The Sandisk secondary was priced at a discount and WDC will retain only part of its stake — while the move reduces debt, the discounted sale and large offering can create short-term selling pressure. Western Digital to sell ~$3.2B of SanDisk stock in secondary deal
• Negative Sentiment: Median analyst price target coverage shows dispersion and a median below some recent levels — implies upside is not unanimous and could limit near-term gains. Analyst ratings and price targets

About Western Digital

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.